Indigo Acquisition (NASDAQ:INACU) Stock Price Up 0.8% – Time to Buy?

Indigo Acquisition Corp. (NASDAQ:INACU) was up 0.8% on Wednesday . The company traded as high as $10.37 and last traded at $10.3950. Approximately 709 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 800 shares. The stock had previously closed at $10.31.

Indigo Acquisition Price Performance

The stock has a 50 day simple moving average of $10.58 and a 200 day simple moving average of $10.42.

Institutional Trading of Indigo Acquisition

Several large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of Indigo Acquisition in the 3rd quarter worth approximately $199,000. Schonfeld Strategic Advisors LLC purchased a new position in Indigo Acquisition during the 3rd quarter valued at $202,000. Susquehanna International Group LLP bought a new position in Indigo Acquisition in the 3rd quarter worth $215,000. JPMorgan Chase & Co. purchased a new stake in shares of Indigo Acquisition in the 3rd quarter worth about $253,000. Finally, Parallax Volatility Advisers L.P. purchased a new position in shares of Indigo Acquisition during the third quarter valued at about $542,000.

Indigo Acquisition Company Profile

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.